Mistakes happen. They happen at home, at work, and even in your employee benefit plans.
Luckily, the Internal Revenue Service and the Department of Labor understand and have developed programs that allow employers to correct common errors that happen in the administration of employee benefit plans. Recognizing plan errors and self-reporting them often results in lower correction costs than if the IRS finds the errors during an audit. Ice Miller's Employee Benefits Group walks employers through these correction programs. When plan errors are more complex, the Employee Benefits Group negotiates directly with the IRS and the DOL to find practical solutions for employers.